magic decorating ltd
magic decorating ltd Company Information
Group Structure
View All
Industry
Painting
Registered Address
raynie green lane, crowborough, TN6 2BX
Website
www.magicdecorating.commagic decorating ltd Estimated Valuation
Pomanda estimates the enterprise value of MAGIC DECORATING LTD at £11.3k based on a Turnover of £32.4k and 0.35x industry multiple (adjusted for size and gross margin).
magic decorating ltd Estimated Valuation
Pomanda estimates the enterprise value of MAGIC DECORATING LTD at £0 based on an EBITDA of £-3.2k and a 3.22x industry multiple (adjusted for size and gross margin).
magic decorating ltd Estimated Valuation
Pomanda estimates the enterprise value of MAGIC DECORATING LTD at £0 based on Net Assets of £-3k and 2.59x industry multiple (adjusted for liquidity).
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Magic Decorating Ltd Overview
Magic Decorating Ltd is a live company located in crowborough, TN6 2BX with a Companies House number of 11094134. It operates in the painting sector, SIC Code 43341. Founded in December 2017, it's largest shareholder is maciej rompski with a 100% stake. Magic Decorating Ltd is a young, micro sized company, Pomanda has estimated its turnover at £32.4k with unknown growth in recent years.
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Magic Decorating Ltd Health Check
Pomanda's financial health check has awarded Magic Decorating Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
6 Weak
Size
annual sales of £32.4k, make it smaller than the average company (£252.9k)
- Magic Decorating Ltd
£252.9k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Magic Decorating Ltd
- - Industry AVG
Production
with a gross margin of 19.7%, this company has a higher cost of product (31.1%)
- Magic Decorating Ltd
31.1% - Industry AVG
Profitability
an operating margin of -9.8% make it less profitable than the average company (5.4%)
- Magic Decorating Ltd
5.4% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - Magic Decorating Ltd
4 - Industry AVG
Pay Structure
on an average salary of £27.9k, the company has an equivalent pay structure (£27.9k)
- Magic Decorating Ltd
£27.9k - Industry AVG
Efficiency
resulting in sales per employee of £16.2k, this is less efficient (£75.7k)
- Magic Decorating Ltd
£75.7k - Industry AVG
Debtor Days
it gets paid by customers after 13 days, this is earlier than average (60 days)
- Magic Decorating Ltd
60 days - Industry AVG
Creditor Days
its suppliers are paid after 59 days, this is slower than average (29 days)
- Magic Decorating Ltd
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Magic Decorating Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Magic Decorating Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 357.5%, this is a higher level of debt than the average (64.7%)
357.5% - Magic Decorating Ltd
64.7% - Industry AVG
MAGIC DECORATING LTD financials
Magic Decorating Ltd's latest turnover from December 2020 is estimated at £32.4 thousand and the company has net assets of -£3 thousand. According to their latest financial statements, Magic Decorating Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|
| Turnover | |||
| Other Income Or Grants | |||
| Cost Of Sales | |||
| Gross Profit | |||
| Admin Expenses | |||
| Operating Profit | |||
| Interest Payable | |||
| Interest Receivable | |||
| Pre-Tax Profit | |||
| Tax | |||
| Profit After Tax | |||
| Dividends Paid | |||
| Retained Profit | |||
| Employee Costs | |||
| Number Of Employees | 2 | 2 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 1,181 | 10,156 | 3,281 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 1,181 | 10,156 | 3,281 |
| total assets | 1,181 | 10,156 | 3,281 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 4,222 | 10,030 | 3,158 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 |
| total current liabilities | 4,222 | 10,030 | 3,158 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 |
| total liabilities | 4,222 | 10,030 | 3,158 |
| net assets | -3,041 | 126 | 123 |
| total shareholders funds | -3,041 | 126 | 123 |
| Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 |
| Tax | |||
| Stock | 0 | 0 | 0 |
| Debtors | -8,975 | 6,875 | 3,281 |
| Creditors | -5,808 | 6,872 | 3,158 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 |
magic decorating ltd Credit Report and Business Information
Magic Decorating Ltd Competitor Analysis
Perform a competitor analysis for magic decorating ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in TN6 area or any other competitors across 12 key performance metrics.
magic decorating ltd Ownership
MAGIC DECORATING LTD group structure
Magic Decorating Ltd has no subsidiary companies.
Ultimate parent company
MAGIC DECORATING LTD
11094134
magic decorating ltd directors
Magic Decorating Ltd currently has 1 director, Mr Maciej Rompski serving since Dec 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Maciej Rompski | England | 43 years | Dec 2017 | - | Director |
P&L
December 2020turnover
32.4k
-49%
operating profit
-3.2k
0%
gross margin
19.7%
+3.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2020net assets
-3k
-25.13%
total assets
1.2k
-0.88%
cash
0
0%
net assets
Total assets minus all liabilities
magic decorating ltd company details
company number
11094134
Type
Private limited with Share Capital
industry
43341 - Painting
incorporation date
December 2017
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2020
previous names
N/A
accountant
-
auditor
-
address
raynie green lane, crowborough, TN6 2BX
Bank
-
Legal Advisor
-
magic decorating ltd Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to magic decorating ltd.
magic decorating ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for MAGIC DECORATING LTD. This can take several minutes, an email will notify you when this has completed.
magic decorating ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
